PUBLISHER: The Business Research Company | PRODUCT CODE: 1658920
PUBLISHER: The Business Research Company | PRODUCT CODE: 1658920
A cooler box is a portable cooling appliance crafted with insulating material to maintain its internal temperature, independent of external temperature variations. Its primary purpose is to preserve perishable goods, keeping them fresh and cool for an extended period. Typically, the cooler box remains closed, only being opened when access to items inside is needed.
The two main types of cooler boxes are reusable and disposable. Reusable cooler boxes can be employed multiple times to preserve goods by sustaining a low internal temperature for an extended duration. These boxes often feature more durable, thicker, and more effective insulation for prolonged cooling. Cooler boxes come in various forms, including handled and wheeled versions, utilizing cooling materials like wet ice, dry ice, and gel packs. Raw materials used in their production include PU foam, expanded polystyrene, extruded polystyrene, and expanded polypropylene. Cooler boxes are well-suited for applications in the pharmaceutical and food and beverage sectors.
The cooler box market research report is one of a series of new reports from The Business Research Company that provides cooler box market statistics, including cooler box industry global market size, regional shares, competitors with a cooler box market share, detailed cooler box market segments, market trends and opportunities, and any further data you may need to thrive in the cooler box industry. This cooler box market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cooler box market size has grown rapidly in recent years. It will grow from $7.27 billion in 2024 to $8.11 billion in 2025 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to outdoor activities boom, healthcare and pharmaceuticals usage, outdoor events and festivals, urbanization and convenience, food delivery service growth.
The cooler box market size is expected to see rapid growth in the next few years. It will grow to $12.69 billion in 2029 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to rising demand for portable storage, healthcare and pharmaceuticals growth, sustainable and eco-friendly solutions, outdoor recreation and travel, urbanization and convenience, growth in food delivery services. Major trends in the forecast period include demand in beverage industry, innovations in design and portability, regulatory standards and compliance, customization and innovation.
The expansion of the pharmaceutical industry is playing a crucial role in the growth of the cooler box market. The pharmaceutical sector encompasses companies that manufacture products aimed at preventing and treating diseases. This industry relies on various items, such as test samples for medications, blood samples, blood packets, ampules, and vaccines, all of which must be kept safe and stable at lower temperatures. Cooler boxes maintain a colder internal environment, protecting their contents from external temperature fluctuations, thereby ensuring the safe transportation of pharmaceutical products. For example, according to a report by the India Brand Equity Foundation (IBEF) in April 2024, an Indian government export promotion agency, India's drug and pharmaceutical exports reached $24.62 billion in 2021-22. Consequently, the growth of the pharmaceutical industry is expected to drive the expansion of the cooler box market.
Government initiatives promoting agritourism farms are anticipated to drive the cooler box market forward. Agritourism involves tourists experiencing agricultural life, necessitating effective storage and transportation of perishable goods for farmers. Cooler boxes become indispensable for preserving the freshness of products during sales at agritourism farms. An example includes the Irish government allocating $3.06 million to fund 19 local agro-food tourism projects in June 2022, aiming to foster rural development and create opportunities for farmers and artisans. The support for agritourism activities underscores the increasing relevance of cooler boxes in diverse agricultural contexts.
Major companies in the cooler box market are developing advanced products that incorporate vacuum technology to enhance insulation performance, improve temperature retention, and boost energy efficiency. Vacuum technology involves the use of a vacuum, or a space devoid of matter (particularly air), to achieve insulation or other benefits across various applications. For example, in August 2023, Honeykomb, a company based in South Africa specializing in cooler boxes, launched the Vacuum Cooler. This innovative cooler employs patented vacuum technology, setting it apart from traditional coolers that depend on ice or electricity. It operates using a manual hand pump to create a vacuum seal, significantly reducing aerobic bacteria growth-up to three times more than standard coolers. This design aims to keep food and beverages fresher for extended periods by minimizing bacterial proliferation.
Leading companies in the cooler box industry are creating innovative products to maintain their market position, including portable coolers or lunchbox coolers, which are compact containers designed to keep food and beverages cold for extended periods. For example, in November 2022, Pelican Products, Inc., a US-based company known for designing and manufacturing high-performance protective cases, advanced portable lighting systems, and rugged gear for professionals and outdoor enthusiasts, launched the Pelican 8QT Personal Cooler. This addition expands its range of rugged and mission-critical protective cases and coolers. The lunchbox cooler is designed with premium features and Pelican's well-known durability, ensuring exceptional cold retention throughout the day. It includes a removable and reusable integrated ice pack, and the innovative design allows cold air from the ice pack to circulate through both the inner tray and the main compartment, keeping food cold and dry. With a capacity for up to 8 canned drinks or larger items, the cooler is built with polyurethane walls and features a freezer-grade 360-degree gasket seal, showcasing Pelican's commitment to maintaining cold temperatures in challenging environments.
In March 2022, Cold Chain Technologies LLC, a US-based provider of insulated packaging solutions, acquired Packaging Technology Group for an undisclosed amount. This acquisition enhances Cold Chain Technologies' product portfolio by incorporating recyclable thermal packaging solutions. Packaging Technology Group is a US-based company that offers thermally engineered and scientifically validated packaging solutions for the biotech, biopharmaceutical, and medical industries.
Major companies operating in the cooler box market are Sonoco ThermoSafe, B Medical Systems S.a r.l., BLOWKINGS, Nilkamal Limited, IsoNova Technologies LLC, Eurobox Logistics S.A., Softbox Systems Ltd., Sofrigam S.A., CIP Industries B.V., Coldchain Controls LLC, Apex International, The Cool Ice Box Company Ltd., Outdoor Recreation Company of America, WildCoolers LLC, Liderkit S.A., K2 Coolers LLC, Yeti Holdings Inc., Pelican Products Inc., Igloo Products Corp., Grizzly Coolers LLC, Engel Coolers LLC, The Rubbermaid Company, Polar Bear Coolers LLC, Canyon Coolers LLC, RTIC Coolers LLC, California Innovations Inc., Wal-Mart Stores Inc., Coleman Company Inc., Stanley Black & Decker Inc.
North America was the largest region in the cooler box market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cooler box market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the cooler box market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The cooler box market consists of sales of hard-sided coolers, beach coolers, travel coolers, backpack coolers, and camping coolers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cooler Box Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cooler box market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cooler box ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cooler box market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.